SKF Expects A Mid-Single-Digit Organic Sales Decline YoY, For Both Q4 And Fiscal 2024

Benzinga10-30

Outlook and Guidance

Outlook

Q4 2024: We expect a mid-single-digit organic sales decline, year-over-year.
FY 2024: We expect a mid-single-digit organic sales decline, year-over-year.

Guidance Q4 2024

Currency impact on the operating profit is expected to be around SEK 250 million negative compared with the fourth quarter 2023, based on exchange rates per 30 September 2024.

Guidance FY 2024

Tax level excluding effects related to divested businesses: around 26%.
Additions to property, plant and equipment: around SEK 5 billion.

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